raaman
Valued Contributor
You might have started and running a good profitable business and may be satisfied with that. However, the current business model you follow since long can become irrelevant in due course of time making it unprofitable and not interesting to continue. This can happen due to a number of factors such as advancements in technology, changes in the behavior of customers, etc.
Changes brought to regulatory norms, unforeseen disruptions caused in economic situation, or the sudden and unexpected rise of disruptive competitors in the market may also affect your current business model. However, you can be firm and continue your business for which flexibility and innovation are the keys. It can help you to stay relevant in a dynamic business environment and move ahead successfully.
Changes brought to regulatory norms, unforeseen disruptions caused in economic situation, or the sudden and unexpected rise of disruptive competitors in the market may also affect your current business model. However, you can be firm and continue your business for which flexibility and innovation are the keys. It can help you to stay relevant in a dynamic business environment and move ahead successfully.
